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to be leader nancy pelosi because she may have to deliver some democratic votes to get something done. >> reporter: absolutely. pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to
upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician.
and what about nancy pelosi's pledge pledge. >> nick from the daily caller, did republicans miss a move here? >> i think they missed a opportunity if you go back to 2010 when they sweep the house and had the president in a position where he could support a permanent extension of the bush tax cuts, and they only went for the the extension for two years. david: why is that? only go for two years as opposed to a major change in the tax code? >> maybe they were hoping that they would win the presidential election in 2012 and then have a upper hand event. but you know, they didn't go for the permanent rates, the bush era tax rates when they had the chance in 2010 and the sequester, the automatic spending cuts getting lost in the conversation are something they pretty much set up with the democrats in 2011. >> well, here specifically, here is about the millionaire cut off figure because of course, now the president says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and
, nancy pelosi, the meeting is over, and all the major leaders were in the white house. we had the leader of the republican side in the senate, the democratic side in the senate, the republican side in the house, democratic side, geithner was there, tim giteny, treasury secretary, vice president there, and the president. the question is whether they got anything done at all. what we heard was, in fact, the president presented what was announced initially as a new plan, turned out it was not a new plan, but the same old plan to raise taxes only on those mmking above $400,000 a year. shibani: is -- it ended moments ago, all the major whose who were there, and timothy geithner. there's a ceo call at 5:30, hour and five minutes, talking to top ceos about the latest on the fiscal cliff, whatever the developments are included on that call, we know lloyd blankfein will be on the call. david: keep the picture up. you never know what picture you'll get. go to rich edson following this. we mentioned the fact, actually, you alerted us all via e-mail that this proposal was not really a new proposal.
parties. joining the president and vice president, boehner, pelosi, reid and mcconnell. their goal, agree on something before the country falls off the so-called fiscal cliff in four days. kelly o'donnell joining me live now and i understand we have information on the smaller offer that you reported that the president is making this information. >> reporter: good afternoon, craig. so they're going to meet, they need something to talk about the president is prepared to put on the table what aides describe as a smaller offer. you know, they had hoped to go for something much grander but with the 11th hour deadline, they want to do something to follow the lines of what the president said in the briefing room before going to hawaii for the holidays. basically resetting the discussion for income rates at the threshold he originally wanted, $250,000 for couples. why that's important is because in previous conversations with speaker boehner, the president had moved off that number to something more friendly to the republican party, putting the number at about $400,000 and people thought that's w
to speaker boehner, he needs to talk to nancy pelosi. when nancy pelosi was speaker, she found a way even with maximum republican opposition to bring her diverse caucus. that is a caucus with diverse views together to get things done like the affordable care act. like dodd frank. she got it done. >> that's great advice, and we hope he listens. >> i hope so. >> thank you so much, my friend. >> my pleasure. >>> let's turn to ryan grim. mr. grim, the jobless are really the only segment of the population who get an immediate hit if we go over the fiscal cliff. doesn't this strike even what appears to be heartless politicians that the people most vulnerable are working class and working poor and middle class people who will get stiffed by this? >> yeah, the jobless have been getting pushed around by congress for years now, you know, ever since the economic crisis. and they implemented some extended emergency benefits they've been getting told that if they give them unemployment it will make them lazy and they will not look for jobs. states have insisted they do work in exchange for getting the
>>> breaking news here. president obama, vice president biden, mcconnell, pelosi and reid and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would
shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says h
. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we have any word on whether there is an agreement, we'll bring it to you. >> jessica, it's interesting to me the p
of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house sp
rating is lower than that of nancy pelosi, who is a vampire, i actually think. it's 51% boehner unfavorable and pelosi 50%. juan, you said something earlier you have been hearing that boehner is safe. i've actually been hearing the opposite. i like john boehner, i think he has a tough situation on his hands. he's trying to heard cats. i don't agree what he did the other day, why he had put a bill on the floor he doesn't have support for. you think he won't hold on? >> no, i think he will hold on. i don't know if it's coming but at the moment i don't think there's enough time before january 3rd to really line up. what happened to john boehner, i thought -- >> and he thought he had the votes. >> his troops abandoned him. >> ken next mccarthy should go down for that. he's the whip. he should know how many votes he has. >> no, he works for boehner. >> but he goes back with the information about how many votes he has. that was a mess. >> but the whole dynamics didn't make sense. it goes back to something eric said. everybody on the far right said why am i going to put a vote in place
's plan "b" when that was actually nancy pelosi's solution which was to raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan "b." it was not successful. hastert had some unkind words saying i don't want to be critical of john, but you don't ever bring something to the floor if you don't have the votes. so congressman, did the speaker miscalculate and do you think he'll be challenged for the speakership when the new congress convenes? >> no, he's not going to be challenged for the speakership. he didn't bring it to the floor. he decided not to bring it to the floor. but he could have brought it to the floor if they had even 30 democrats willing to say i'll do what nancy pelosi said we should do. and that plan "b" would have passed. it would have demonstrated we were willing to put revenue on the table and got the wheels greased a little bit for a negotiation. >> john harwood tweeted this. he said gop house members and colleagues, i blame most of this on a block of about 50 members who have the political judgment
hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come
taste this soup. john: look to send their kids to private schools? nancy pelosi, hillary clinton, al gore. >> the people who make rules already have a choice. the politicns and i used to be, the politicians have a choice. john: they all sent their kids to private schools and oppose school choice for regular people. >> thank you for taking my question president obama upper could you think your daughters to get the same high quality rigorous education and the public school? >> if i wanted to find a great public-school for sasha and malia we could maneuver to do with too. >> but he did not want to he w says sasha and malia is at the same scho the vice president grand kids attend the tuition is 32,000 per year and the union leaders? >> he went to private school. >> i graduated at the catholic high school. >> a tough negotiator at this school board meeting the chairman said he used up the speaking time he marched up to the front to demand more saying i am mandated seven more minutes. >> the rigidity of the stupid union contract is why the kids suffer. your union is the problem. >> he oppo
and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they have today. >> reporter: and recriminations. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> reporter: the senate's top dem
. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd cats. i don't agree what we did the other day to put a bill on the floor he doesn't have support for. but you think he won't hold on. >> juan: i think he will hold on. i don't think there is enough time before january 3 to line up. what happened to john boehner, my gosh, they -- his troops abandoned him. >> andrea: mccarthy is the whip. he should know how many works he has. >> juan: he works for boehner. >> kimberly: but he goes back -- it was a mess. >> juan: the dynamic didn't make sense. this goes back to what eric said. he, what everybody on the far right side why am i not going to put a vote in place not coming to reality. there >> exactly. no way, true conservative doesn't want taxes to go up. >> juan: but this is where we differ. negotiate and compromise if you care about the country and the economy at some point. i have been elected
that year, harry reid and nancy pelosi gave george bush a stimulus. what happened was two things, al. first of all, barack obama got reelected. and for a variety of reasons, the republicans never game barack obama the kind of cooperation we gave george bush. of course you should disagree. but then in the end, you try to work things out. when george bush came to harry reid, we worked with him to go and to come to an agreement. mitch mcconnell, the republican leader, said my number one agenda item is to defeat barack obama. and then in 2010, people were elected who don't believe in govern nans. who don't understand reality. it's not like we've had it forever. we didn't have it before the partisanship and there was some people so offended by the notion that barack obama could win for a variety of reasons, that they decided to delegitize it. i think you're going to see a gradual relinquishment of this kind of obstructionist death grip they have on the party. >> plet me ask you, you're leaving washington after serving so long and so well. what will you miss about washington? and what will you no
conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would vote for something like this. john boehner is ready to strike a deal. i'm not sure many others are. in the senate we have seen a number of conservative republicans saying they would vote. >> 20 republican votes? >> at this point it's very hard to say. i think john boehner would probably be trying to go in that direction if he could. we haven't seen enough house republicans come out yet and say they would support tax increases. if you have tom coal who broke with his party leadership and the party ranks about three weeks ago or so. we haven't seen enough say they would. i don't know that that's the right deal for that to try to strike. >> one of the strategies that republicans could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has
that reid and mcconnell can come up with some type of proposal, and working with pelosi in the house, to see what's realistic to get through the house. if there is a vote in the senate. if it makes its way through the senate, the calculation, house republicans would feel a fair amount of pressure to vote this into law. why? because of the dead line? it would have gotten support in the senate. in an effort, it's boxing republicans in. will it work? we'll have to see. part of the calculation, if there is a piece of legislation will make it through the senate, the house will be responsible for voting this down at a critical time and ramp up the pressure to get something done. we'll have to see if that calculation works or even if reid and mcconnell can come up with a plan they think can make it through the senate. a lot of question marks still. >> still. three days away, and we didn't know sth was co know it was coming is what it's like. thank you, kristen. >> let's turn to jon harwood. sir, no more big deal. is this a little deal? we'll have to do something else in a month or two. what is this
, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison. he's co-chair of the progressive caucus and melissa harris perry, host of the melissa harris perry show here on msnbc. thank you both for coming on the show. >> thank you, al. >> congressman, let me go to you first, this deal comes down to taxing the rich. how can they not realize this is what the country wants? >> i don't think that the republican leadership cares what the country wants. i think they care about what their biggest donors want and their big donors want to reorganize america so that -- because they believe that the rich don't have enough money and the poor have too much. so what we're hearing here is an expression of an et you logical idea that we need american society to be cost competitive with places like china. that means giving rich people even more money. and we're not
to deliver his own votes but isn't particularly interested in working with nancy pelosi to get moderate democrats onboard. again, we are talking about very symbolic things. i think john boehner is far more interested in preserving his speakership, waiting until we go over the cliff and everyone can blame each other all the way through. it would be better for everyone if we didn't have discussions about social insurance and/or entitlements at gunpoint with two days to >> that's the views from -- a very -- very strong conservative voice. >> that's giving the president a lot of credit here. the president wants a deal, doesn't want to go into the second term, january with the fiscal cliff looming and dealing with the cpi or, you know, raising the medicare eligibility. doesn't want the discussions to cloud up his other agenda, rest of his agenda, things like immigration. gun control if that does survive into the new year. so -- right now looking at some of the things that have been floated -- that -- that harvard from reported basically that's the president getting stimulus aspects of it. th
rapidly move to the solution to the situation. >> nancy pelosi tried to do that and the signature is not there. chuck hegel was a colleague of yours. are you surprised about the criticism he received from the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas. >> joining us to talk big picture and the president's second term cabinet, nbc editor mark murray was the december employee of the month. congratulations. >> excuse me. you heard from senator sanders saying the lack of urgency hasn't been a problem, but if you look at it for all intents and purposes, boehner removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with pres
. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting t
minority leader mcconnell, speaker boehner, and leader pelosi at the white house. senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll have -- they'll give them 48 hours' notice. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> lo and behold, the markets started to tank, in part on fears of reid's warning that it looked like we were going over the cliff. within an hour word came that the house would return to washington and be in session on sunday at 6:30 p.m. boehner repeated his assertion that the senate would pass the two bills that the house has already acted on and inc
president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. >> i just have to repeat, congress, you are te
it to the floor. he likely will bring it to the floor. and we saw this with the democrats sometimes. nancy pelosi bringing war funding bills to the house floor during the bush administration. not because she loved the idea of continuing the wars in afghanistan and iraq but because she saw that was a priority that needed to move whether or not it was going to have a lot of democratic votes. >> amazing. you think of all those things in the senate. the farm bill had enough republican support over there. never brought up in the house. it's a tough thing to do for john boehner. john allen, thank you so much for joining us. looking forward to the book about hillary and concussion-dpat. it will be interesting. next, as a new senator gets swarn in today, the fight from john kerry is reading up. >>> topping the headlines on andrea mitchell reports, former president george h.w. bush has been moved to the intensive care unit of a houston hospital where he's been battling a cough since november. the 88-year-old was moved to the icu recently after a foout few setbacks including a persistent fever. doctors are
with speaker pelosi, the twin deficit the job and the budget deficit. lori: we don't hear that. we have breaking news. urinalysis is a fascinating. deschutes your analysis is fascinating we want to have you back again. tracy: and 14 major ports that are being threatened to be shut down. we will get the latest. lori: also confidence in the global economy is higher suggesting people are picking up more security. we are back after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, ashis may cause an unsafe drop in blood pressure. do not drink alcohol
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senat
pelosi was speaker of the house, the 110th congress had roll call votes, over 1,000 roll call votes, and with speaker boehner, only 444 roll call votes leading to 219 pieces of legislation. should the american people feel as though you all are simply not doing your jobs? >> the answer to that question is yes, i think that the american people have a right to be skeptical of the work being done in washington. part of that is the political dynamic. i don't know if i would just count the number of votes. we are not commemorating sports teams and honoring, you know, naming the weeks and the days after which ef vegetable we choose for this week, and national tomato month. but that is something that we don't do in this congress so that the number of votes is going to be a lot less, but the productivity is going to be based on doing what is right for the american people, and doing big things and doing things that are going to help the country. i think that the american people are right to look at the output from the legislative standpoint saying that this congress could be doing a lot bette
. this meeting brings together all the key players. president obama, top leaders harry read and nancy pelosi and mitch mcconnell and him. it was only a short while ago that john boehner was called a dictator. with the deadline looming the goal appears to be to shield most american taxpayers from automatic tax increase. now, the president's already agreed to raise income taxes on americans earning more than $400,000. that's up from his $250,000 goal set in the campaign, and there's also an effort to extend jobless pen fits for americans out of work for six months or more. >> major, do we have any reason to believe that this time it is different? >> well, certainly. the deadline is real. the house is coming back into session on sunday. even is going to be here either to preside over america going over the fiscal cliff or last-minute very small deal that averted for a while and leaves more negotiations for the future. >> major garrett, thank you very much. general norman schwarzkopf, commander of the coalition for the gulf war died yesterday. he tricked and outflanked saddam hussein's forces in
democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you are probably referring to this three day period that the house
a consensus in the middle. does john boehner need nancy pelosi in order to get anything passed? >> reporter: yes, absolutely. no question about it. that became incredibly obvious when he couldn't even get his own republicans to effectively save them from themselves and at least have some political cover by voting to keep tax cuts in place for everybody except millionaires because they said they wouldn't help him with what they call a political ploy. i think that's true but actually talking to people on both sides of the aisle here, because the ball is now in the senate -- the senate's court, the feeling is that if they can kind of break the dam in the senate and if something actually passes, you've already seen over the past two days house republicans saying that they hadn't said before, if the senate passes something, we'll take it up. and if that's the case, the sort of betting is that with the help of the majority of the democrats, probably most of the democrats and maybe, you know, a few dozen or more republicans, that's how it would get passed. but, candy, it's still a big if, as we ju
's point, look, democrats have their own up issues internally. nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and, you know, then the president gets to punish republicans. and he also might get more money in a for taxpayers, from taxpayers to expand the government. what about that? >> well i have a really hard time believing anybody, republicans or democrats would win from going over the cliff. talking about potentially putting country in recession, what it would do to the markets. here's the deal. these type of negotiations what we lost a $4 trillion opportunity when boehner and obama were at the table having talks prior to the holiday. what we're loo
. and the hard place? >> yeah. the hard place is the negotiations. you think about it. reid and pelosi and boehner and obama all trying to come to an agreement? that seems almost impossible, doesn't it, when you know all of them? gregg: how do you close the tax gap? >> yeah. right now you can not do it. so the tax gap, at least in my opinion, would be the deficit. it's over a trillion dollars. if we raise everyone today, that pays the top tax rate, 35%, if we taxed them at 100% on all the money that they currently pay 35% on, and remember, i'm assuming that nobody changes their behavior. they still work just as hard even though they pay 100% tax, we would only raise $360 billion in this coming year. and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of our economy than ever, the only way to pay for it is to put in a europea
same thing out of the pelosi leadership for several years. let's look at what is more important. harry reid is there today, instead of taking up the bill that he should be taking up he's using this to make political points. i think that says a lot of about where we are heading. patti ann: congressman thank you for joining us. >> thank you for having me. gregg: fox news alert just learned now that the head of the epa, the environmental protection agency, is quitting. lisa jackson announcing she will leave her post next month. during her tenure she pushed through some of the toughest regulations on vehicle emissions and coal processing plants, proptin prompting republicans to accuse her of waging war on coal. president obama praised her for her work. in enacting those reforms. she reportedly has not accepted any other job at this time and she was in a bit of trouble for some of her email accounts recently. and some of her other remarks as well. let's go to jon scott, what is happening now, jon johnsto. jon: the president and lawmakers are supposed to be getting back to work in washingto
it very difficult to lead. nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta. what are you seeing there? >> reporter: well, joe, it's pretty steady here. it's getting a little bit more crowded as the evening goes on. but i can tell you that some people are heading home after christmas and finding it tough to travel today because of that massive storm barreling through the country. it's wreaking havoc on the roads and in the air. snow, ice and high winds. >> we want to get out. >> it's always scary when you're flying that you'll be stuck in the airport. >> reporter: as massive storm it that left many in the midwest and parts of the south with a white christmas is po
, commissioner of warren county, mr. dave young. okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio? >> well, we try to keep it simple. me and two others don't think this government stuff is all that hard. hard is being out of a job and not being able to make your mortgage payment. hard is having a sick child. running a government and living within your means, not hard. so really the folks in washington should try to put aside some of their own petty concerns and say, let's be a statesman. let's step up and try to do what's right for the country. >> eric: how did you do it? did you raise taxes? looks like you have a projected $20 million reserve fund for next year. how? explain how did you it. >> yes. essentially we try -- we're 220,000 person county outside of cincinnati, home of great corporate citizens like procter & gamble and others. we got king's island, western southern tennis tournament is housed in warren county. what we trio do is foster environme
mcconnell and leader pelosi to receive an update on the ongoing fiscal cliff negotiations. that's all the information that we have. we don't know what those leaders spoke about with the president during those call bus i would say just parsing the words here a little bit of this statement, to receive an update does not sound like the president was somehow calling them to issue an new offer or to force some kind of a deal to a head. it sounds like he was checking in with those leaders to find out what's going on or what might be possible at this point. we are working on getting you more information on exactly what was said on those calls just yesterday from hawaii, guys. >> eamon, thank you for keeping us up to date, the view from d.c. let's just return to the discussion we were having with wolfgang coaster about what's happening with dollar yen and this huge move over three months, whether the dollar has accelerated, 11, 12% against the yen. wolfgang what does that mean for people sitting at home? >> the japanese are trying to get their products to be more comp pet it was than the u.s.
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